CRNC
Cerence Inc.11.16
+0.02+0.18%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
501.52MP/E (TTM)
-Basic EPS (TTM)
-0.43Dividend Yield
0%Recent Filings
10-K
8-K
8-K
8-K
Cerence restructuring plan announced
Cerence Inc. unveiled a restructuring plan on September 2, 2025, targeting foreign operations to slash expenses and pave the way for profitable growth, with estimated cash charges of $7.2 to $7.9 million mostly in Q1 fiscal 2026. The plan's rollout should wrap up by quarter's end, though legal hurdles might delay some job cuts. To secure key talent, the company locked in Executive VP Nils Schanz with a $350,000 retention bonus and $2 million equity award vesting through 2028. Restructuring aims to streamline costs, but actual charges could vary.
10-Q
Q3 FY2025 results
Cerence's Q3 FY2025 revenue fell 11.8% y/y to $62.2M, with license revenue down 20.6% y/y to $34.2M from fewer fixed contracts, yet connected services rose 17.4% y/y to $12.8M on stronger demand. Gross profit dipped 9.0% y/y to $45.9M, but operating loss narrowed sharply to $0.9M from $354.9M, thanks to no goodwill impairment this year and restructuring cuts. Diluted EPS improved to $(0.06) from $(7.50), aligning with 43.3M shares. Operating cash flow hit $48.4M YTD, up from $11.1M, while free cash flow stood at $37.1M (derived). Cash dropped to $73.7M after repaying $87.1M debt, leaving $198.8M long-term debt at 1.50% due 2028. Automotive production delays pose ongoing risks.
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